US STOCKS-Wall St set to open higher as oil gains

viernes 11 de marzo de 2016 09:53 GYT

* U.S. crude up more than 2 pct

* Symantec up after stock upgrade

* Futures up: Dow 138 pts, S&P 17.75 pts, Nasdaq 45.75 pts (Adds details, comment, updates prices)

By Abhiram Nandakumar

March 11 (Reuters) - Wall Street was set to open higher on Friday as oil held on to gains, a day after the European Central Bank unveiled a widely expected stimulus package to spark growth in the region.

Markets initially gave a rousing reception to the ECB's program, which included expanding its asset-buying plan to 80 billion euros a month, but the mood turned sour after President Mario Draghi said further cut rates were unlikely.

Wall Street swung between gains and losses on Thursday and closed little changed as investors digested the mixed message.

"It looks like we're going to close the week on a high note as people are rethinking Draghi's powerful stimulus program," said Peter Cardillo, chief market economist at First Standard Financial in New York.

U.S. crude rose more than 2 percent, after the International Energy Agency said oil prices might have bottomed as output in the United States and other non-OPEC countries was beginning to fall quickly.   Continuación...